Withdrawal of Legal Proceedings: All legal actions initiated by and against Reliance Power, including those under the Insolvency and Bankruptcy Code (IBC), have been withdrawn. Share Pledge: A pledge of 92.60% of VIPL’s shares has been arranged as security for the lenders.

Reliance Power's obligations as a guarantor on behalf of Vidarbha Industries Power have been fully settled, resulting in the release of all obligations related to the debt of Rs 3,872.04 crore.

Reliance Power share price gained 5% in the morning trades on Thursday to hit upper price Band. Reliance Power announced that its Board of Directors will meet on 23 September to consider and approve l

Reliance Power has settled Rs 3,872 crore guarantor obligations for its subsidiary Vidarbha Industries Power, the firm said in a stock exchange filing. Reliance Power Ltd said, “The entire obligations of the company as a guarantor on behalf of Vidarbha Industries Power Ltd (VIPL) stands fully settled resulting in release and discharge of corporate guarantee,

Reliance Power had announced that it has settled its obligations of Rs 3,872.04 crore towards the corporate guarantee of the lenders of Vidarbha Industries: Reliance Power share price

Shares of Reliance Power Ltd surged by 5 percent on Wednesday (Sept. 18) after the company announced that it had fully settled its Rs 3,872 crore obligation as a guarantor for Vidarbha Industries Power (VIPL),

Reliance Power shares climbed 5 per cent to hit its upper circuit limit at Rs 32.98 on BSE. The stock hit a 52-week high of Rs 38.07 on August 23. The stock is up 37.70 per cent in 2024 so far and 73 per cent in the past one year.